Southeast Seattle Senior Foundation
- Assets
- $6.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Seattle, WA
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 91-1634207
Organization Overview
Southeast Seattle Senior Foundation is located in Seattle, WA. The organization was established in 1995. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Southeast Seattle Senior Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeast Seattle Senior Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Southeast Seattle Senior Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND REHABILITATE AFFORDABLE SENIOR HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AFFORDABLE HOUSING FOR SENIORS THROUGH THE OWNERSHIP OF THE BRIGHTON, A 125-UNIT APARTMENT BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Brown Executive Di | Officer | 40 | $113,739 |
Jeff Santerre Vice Preside | OfficerTrustee | 2 | $0 |
Fikru Kifle Treasurer (e | OfficerTrustee | 2 | $0 |
Thomas Robinson Secretary | OfficerTrustee | 2 | $0 |
Linda Johnston President | OfficerTrustee | 10 | $0 |
Jean Veldwyk Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,857 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,253 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,110 |
| Total Program Service Revenue | $1,571,728 |
| Investment income | $13,702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,644,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,007 |
| Compensation of current officers, directors, key employees. | $31,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $311,796 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,717 |
| Payroll taxes | $43,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $249 |
| Advertising and promotion | $0 |
| Office expenses | $9,676 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $838,879 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $166,037 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $249,507 |
| Insurance | $53,783 |
| All other expenses | $18,261 |
| Total functional expenses | $1,871,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $485,415 |
| Savings and temporary cash investments | $1,213,906 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,461 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,297 |
| Net Land, buildings, and equipment | $4,832,860 |
| Investments—publicly traded securities | $101,467 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,213 |
| Total assets | $6,759,619 |
| Accounts payable and accrued expenses | $66,380 |
| Grants payable | $0 |
| Deferred revenue | $12,743 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,878 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,167,944 |
| Unsecured mortgages and notes payable | $43,800 |
| Other liabilities | $60,437 |
| Total liabilities | $5,354,182 |
| Net assets without donor restrictions | $1,405,437 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,759,619 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Southeast Seattle Senior Foundation has recieved totaling $151,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $51,500 |
Norcliffe Foundation Seattle, WA PURPOSE: THE ARCHES | $50,000 |
Norcliffe Foundation Seattle, WA PURPOSE: THE ARCHES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Housing Alternatives Inc Milwaukie, OR | $66,415,282 | $18,428,543 |
Habitat For Humanity International Inc Bend, OR | $14,216,100 | $11,437,404 |
Innovative Housing Inc Portland, OR | $72,167,425 | $8,053,529 |
Rose Community Development Corporation Portland, OR | $45,929,125 | $4,147,023 |
Columbia Cascade Housing Corporation The Dalles, OR | $26,545,459 | $3,977,861 |
Community Partners For Affordable Housing Tigard, OR | $29,986,925 | $5,745,574 |
Homeownership Center Of Tacoma Tacoma, WA | $2,760,083 | $2,293,969 |
Supportive Housing And Innovative Partnerships Inc Boise, ID | $1,739,165 | $2,561,877 |
Golden Opportunity Living Development Tacoma, WA | $5,413,206 | $1,758,342 |
Southeast Seattle Senior Foundation Seattle, WA | $6,759,619 | $1,644,540 |
Council House Inc Seattle, WA | $4,818,293 | $2,290,756 |
Eastside Home Association Bellevue, WA | $4,294,550 | $1,391,091 |